After disaster, survivors filed claims for lost personal property, and were paid token amounts. Question: Were these payments made out-of-pocket by White Star/H&W, or by their insurance carrier(s)? And who, Lloyd's?
Thanks for the link! It mentions INA (now part of Cigna) as an American insurance company that had coverage on Titanic and another company (not named) which was Atlantic Mutual. I have met the marine underwriter at Atlantic Mutual and received permission to look at their books from 1912 (which they have on display in a private room). I hope to spend some time soon reviewing their coverage and loss amounts.
In the vaults of the Bank of England archive, there is a large bundle of claims made by survivors for lost money. I didn't have time to go through the whole bundle, but it seems that people had to provide serial numbers. The largest claim as far as I can see, was for £350. Presumably the claimant was reimbursed.
Upon opening the package, a familiar name presented itself: Lawrence Beesley, who made a claim for 4 £5 notes, on 14th February 1913.
The many pages of the Relief Fund Book's at Southampton contain an interesting entry. There's many claimants (names are not mentioned) who are still waiting to receive their outstanding payments. The figure of those claims carried on building up way after the First World War.
In the end, they (who ever the big-wigs were) decided to lash out in one big hit, and use the Compassionate Fund to settle all those remaining payments. No figures or names are given as a lot of this paperwork was destroyed during the big clear out in the mid-sixties.